65 S State St - Storefront FOR SALE


Hart, MI 49420
$285,000 USD
734-649-5064
65 S State St, Hart, MI for Sale
$285,000 USD
Storefront - FOR SALE
1/3
null | 8.95% Cap Rate

65 S State St
Hart, MI 49420


HIGHLIGHTS

  • Genuine Parts Company (NYSE Ticker GPC) Corporate Lease
  • 60 Year History at Location
  • Fortune 200 Tenant with $17.7B Market Cao
  • Highly Visible and Recognizable Main Street Location in Historic Downtown Hart, MI
  • Attractive Cap Rate
  • Extremely Low Price Point for Investment Grade Tenant

OVERVIEW

SVN | Stewart Commercial Group is pleased to present the opportunity to acquire a modified gross, corporate guaranteed, single tenant, NAPA investment property located in Hart, MI. Genuine Auto Parts (NYSE; GPC), NAPA Auto Part's parent and a Fortune 200 company, (annual revenue of $24B), acquired the Hart, MI location in 2021 from a long standing, retiring owner to cements its place in the market. NAPA boasts a long and strong operating history at this location with 60 years of continual occupancy. This location is known and recognized by area businesses and residents far and wide for having a long-standing presence on Main Street since 1962. Genuine Parts Company (GPC) recently executed a three year lease renewal for the Hart location effective June 2025. The corporate backed lease has one (1), 3-year renewal options, which includes a 5% rent increase in the option period. Local store management has been in place for decades and the location is deemed to be a solid performer in the NAPA store network. NAPA Auto Parts was founded in 1925 and is a leading retailer of automotive replacement parts. Genuine Auto Parts (NYSE: GPC), NAPA's parent company, has a BBB investment-grade rating from Standard & Poor’s.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

8.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NAPA Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

B1

APN/PARCEL ID

020-628-001-00,020-628-002-00

ASK ABOUT THIS PROPERTY

Dan Stewart, CCIMSVN | Stewart Commercial GroupMore Info
734-649-5064

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Dan Stewart, CCIMSVN | Stewart Commercial GroupMore Info
734-649-5064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.